WSFS CARES Foundation Provides More Than $185K in First Quarter Grants to Community Organizations

The WSFS CARES Foundation, the charitable giving arm of WSFS Bank (Nasdaq: WSFS), announced it has provided grants to five organizations as part of its continuing series of philanthropic activities by WSFS and the Foundation. The grants, approved in the first quarter by the WSFS CARES Foundation board, will support the following organizations:

• Delaware Prosperity Partnership ($150,000 Grant to be paid over three years)
  Delaware Prosperity Partnership (DPP) is the nonprofit state economic development agency leading Delaware’s economic development efforts to attract, grow and retain businesses, build a stronger entrepreneurial and innovation ecosystem, and to support employers in identifying, recruiting and developing talent in Delaware. The WSFS grant will support key programs promoting Delaware’s economy throughout 2024-2026.
• Distance Learning Center ($55,000 Grant)
  The Distance Learning Center (DLC), located in Philadelphia, is a nonprofit with a mission to increase the number of underrepresented minorities in science, technology, engineering, math and medicine (STEMM). The WSFS grant will support the STEMMPREP Project to help provide 10 scholarships for disadvantaged and underserved minority junior high school student trainees for phase one of a ten-year training pipeline.
• FinServ Foundation ($78,000 Grant to be paid over three years)
  The FinServ Foundation is a nationwide nonprofit focused on building a more inclusive, representative and vibrant financial services profession by working directly with colleges and universities to support the next generation of skilled professionals. The WSFS grant will support Delaware State University and Temple University students to join FinServ for a two-year program that includes six months of mentorship, 24 hours of coaching and education and access to a financial services industry conference.
• New Jersey Community Capital ($25,000 Grant)
  New Jersey Community Capital is a nonprofit community development financial institution (CDFI) providing an innovative toolkit of financial products, programs and services to advance equity and opportunity in the communities it serves. The WSFS grant will enable the organization to deploy loan capital and strategic investments to borrowers for acquisition, construction and permanent financing of community development projects, directly benefitting low-to-moderate income families and communities.
• Wilmington Neighborhood Conservancy Land Bank ($100,000 Grant to be paid over three years)